IRS Tax Problems that are Common to Small Businesses –Payroll and More.
On average, a small business owner will report a loss within their first full operation year. However, when the IRS becomes involved, many new small business owners are not able to fight them. It is necessary to remain ahead of the IRS game and maintain a complete understanding of tax laws and how to obey them. Understanding the law is vital to avoid common pitfalls associated with small businesses and their run-ins with the IRS.